Hagerty Market Rating - October 2015
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
71.01 as of October 2015*
Drivers of this month's change
<p><ul> <li>Although it still shows that the market is expanding, <strong>the Hagerty Market Rating experienced its biggest month-to-month drop since July 2013, and its fifth consecutive monthly decline.</strong></li> <li><strong>Expert Sentiment slipped 3 points from last month</strong>, as market observers continued to describe price changes that were smaller than the ones witnessed earlier this year.</li> <li>Thanks to a rebounding stock market, <strong>Correlated Instruments jumped by 2.66 points to become the most optimistic input for the Hagerty Market Rating.</strong></li> <li><strong>A strong volume of cars offered and sold at auction resulted in a modest increase in Auction Activity.</strong></li> <li>On the other hand, <strong>transactions among private parties—including average sale prices achieved—had its biggest fall in more than two years.</strong></li> <li>After 17 consecutive monthly increases, <strong>activity among Broad Market Insured Values declined slightly.</strong> The ratio of high-end cars increasing versus decreasing their insured values dropped as well.</li> <li>September’s reported rating was revised to 71.21 from 71.20 due to newly released inflation numbers.</li></P>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.